Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Drops By 81.9%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,665 shares, a decline of 81.9% from the June 15th total of 9,184 shares. Based on an average daily trading volume, of 22,187 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Parametric Hedged Equity ETF Stock Down 0.0%

Shares of PHEQ stock traded down $0.01 during mid-day trading on Monday, reaching $34.59. The company’s stock had a trading volume of 13,691 shares, compared to its average volume of 21,843. Parametric Hedged Equity ETF has a 12-month low of $29.54 and a 12-month high of $34.90. The firm has a market capitalization of $141.82 million, a PE ratio of 25.95 and a beta of 0.50. The company’s 50 day simple moving average is $34.30 and its 200-day simple moving average is $33.22.

Hedge Funds Weigh In On Parametric Hedged Equity ETF

Several institutional investors have recently modified their holdings of PHEQ. von Borstel & Associates Inc. acquired a new position in shares of Parametric Hedged Equity ETF in the 3rd quarter valued at about $4,356,000. Farther Finance Advisors LLC acquired a new stake in shares of Parametric Hedged Equity ETF during the 4th quarter worth approximately $43,000. Finally, Wayfinding Financial LLC increased its stake in Parametric Hedged Equity ETF by 0.6% in the fourth quarter. Wayfinding Financial LLC now owns 134,303 shares of the company’s stock valued at $4,374,000 after acquiring an additional 766 shares during the period.

Parametric Hedged Equity ETF Company Profile

The Parametric Hedged Equity ETF (PHEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation. PHEQ was launched on Oct 16, 2023 and is issued by Parametric.